Friends of Silverton Volunteer Fire Department

Analysis

Friends of Silverton Volunteer Fire Department is a registered charity in United States, based in Silverton, CO. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Silverton Volunteer Fire Department reported income of $54k and spending of $61k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $54k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 94% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Friends of Silverton Volunteer Fire Department sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within CO. Charities of a similar size with the same main cause include Foothill Volunteer Fire Department Auxiliary ($54k), Yarmouth Police Foundation Inc ($54k) and Osceola County Sheriff Foundation Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $139k against liabilities of $0, net assets of $139k.